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Limit for receiving
remittances through International Money Transfer Service to a single individual
beneficiary is raised from 12 to 30.
There is a maximum limit of 2500 USD that can be sent at a time as per
applicable RBI regulations which must however be only for personal use.
Amounts upto INR. 50,000/- may be paid to the beneficiary in cash. Any amount
exceeding this limit shall be paid by means of account payee cheque or credited
directly to the Savings Account standing in the Post Office in the name of the
beneficiary. However, in case of foreign tourists, higher amounts can be payable
in cash.
Only 30 transactions can be received by a single beneficiary in a calendar year |
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